Chinese AI startup DeepSeek to raise $7 billion in maiden funding round: Report

Beijing [China], June 3, (ANI): Chinese AI startup DeepSeek is seeking $7 billion in what is the AI firm’s maiden fundraising, according to a Reuters report.

The Chinese AI player is raising the money from Tencent and battery giant CATL and is likely to be valued at between $52 billion and $59 billion, the report cited sources familiar with details.

DeepSeek’s AI heft was recognised by Silicon Valley when, early last year, its V3 and R1 models drove the realisation that AI models didn’t need big-bang budgets.